Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Managing compensation in the financial service industry

Managing compensation in the financial service industry The US financial services industry, especially banking, has undergone substantial technological change and industry restructuring during the 1990s. A variety of new techniques and services have been introduced in all areas of the financial services sector, and industry restructuring through mergers and consolidation has been a defining feature of the banking industry in recent years. Through the effects on cost, quality and the types of services provided, technological change and industry restructuring are likely to generate gains for stockholders and customers. However, there shaping in this industry also implies that companies are struggling to implement their strategy with antiquated incentive compensation systems. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

Managing compensation in the financial service industry

Chiungman Huang; Brian H. Kleiner
Management Research News , Volume 28 (11/12): 12 – Nov 1, 2005
Download PDF
12 pages

Loading next page...
 
/lp/emerald-publishing/managing-compensation-in-the-financial-service-industry-i86OU66eeu

References (3)

Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
0140-9174
DOI
10.1108/01409170510785200
Publisher site
See Article on Publisher Site

Abstract

The US financial services industry, especially banking, has undergone substantial technological change and industry restructuring during the 1990s. A variety of new techniques and services have been introduced in all areas of the financial services sector, and industry restructuring through mergers and consolidation has been a defining feature of the banking industry in recent years. Through the effects on cost, quality and the types of services provided, technological change and industry restructuring are likely to generate gains for stockholders and customers. However, there shaping in this industry also implies that companies are struggling to implement their strategy with antiquated incentive compensation systems.

Journal

Management Research News – Emerald Publishing

Published: Nov 1, 2005

Keywords: Compensation; Financial services industry; Restructuring; Banking

There are no references for this article.